Todays Top Stories

Editor: @PhoenixxDown

Why Have CEXs Faded Runes?

It’s a question that’s come up more than a few times, with no solid answers, just speculation.

But a recent post by Rocktoshi, asking that very question, might have finally brought some real insight. The thread sparked replies from people closer to the action, and we may finally have a clearer picture of what’s been going on behind the scenes:

Satoshi Enjoyer responded with what many have quietly suspected for a while: that the infrastructure and effort involved in supporting Runes on centralized exchanges is still a massive hurdle:

Rocktoshi followed up, asking if anything could be done to reduce that friction. Satoshi Enjoyer replied that proving the protocol is robust and widely adopted might eventually sway the exchanges, showing that the short-term pain is worth the long-term gain.

But he added a sobering caveat, “maybe a few years later.” Terrifying stuff for anyone who expected this in 2025.

He continued on, referencing CEX listings as many just looking for exit liquidity, and that it’s “better to work on some kinda light pools where a middleman is always online to sign counter offers. Akin to a MM that has liquidity for both sides and does atomic trades.”

Rocktoshi and Enjoyer kept going back and forth with ideas and possible workarounds. Then another well-known name jumped in to confirm what was being said, $PUPS founder, Farmer Joe, who said he’s had “many discussions with them” (presumably CEX reps).

He added:

Farmer Joe also pointed to Midl, who he says is working on something specifically for CEXs.

Midl recently shared an article from themselves, “The Current State of Bitcoin,” which is a must-read. It gives a great overview of where things stand for Bitcoin-native assets right now and draws some sharp historical comparisons to the early ERC-20 era.

So while it looks like we finally understand the issue, the timeline for resolution is still unclear. But with sharp, motivated people actively building behind the scenes, there’s still plenty of reason to stay optimistic.

Top Posts | Magic Eden has a big announcement later today, and it looks like it’s about BTC assets:

Top Posts | Who needs CEXs anyway? Slingshot confirms Runes are in testing and could launch "next week"

Top Posts | Inscribe full-length songs onto Bitcoin with BeatBlocks:

Top Posts | The $BLIFFY claim will go live later today:

Top Posts | Remember $FEHU? The dev is NOT deceased! (It was just a coma)

Daily Bites: Today’s Top Articles

Todays Markets

Ordinals

Pizza Ninjas are the only collection in the top 10 today in the green, and up 11% at that. What kind of magic is Trevor pulling over there?!

Lunatics, after a whole host of problems during mint, successfully sold out/ This was in no small part due to the care and attention taken by the founder, who made sure everyone affected by snipers RBF’ing whitelisted mints was looked after, and clearly communicated and owned up to the problems faced throughout.

Very bullish on founders/teams such as these!

Bitcoin Puppets and Nodemonkes are now closer to under 0.03 than above it, where they’d been holding for so long. Nobody has any idea where the bottom is here.

Madness, considering these were going for half a Bitcoin (and more) not so long ago.

Runes (Bitcoin Memecoins)

The return of the $FEHU dev has sparked a 92.5% pump on the first inscribed Rune today. While that’s something, absolutely nothing new has emerged aside from the pledge that: “ICO details coming soon.”

Despite everyone’s favourite timeframe, “soon,” being used, it was enough to prompt buyers to plow almost $20K into it.

Speculation aside, it’s wild that just $20K can almost double a Rune’s value. It makes you wonder what we’ll see when something substantial in terms of volume actually comes back to them.

OdinDog continues to hold steady despite the turmoil, sitting just a hair away from a $10M market cap.

OdinGold rebounds, up 25%, but at the bottom, it’s nothing but agony. Odinstas is down 31%, and the world’s most unpronounceable token, Forsetiscn, is down a massive 63% and nearly out of the top 10.

Todays Opportunities

Giveaways

There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.